Keefe, Bruyette & Woods Has Lowered Expectations for Fidelity National Financial (NYSE:FNF) Stock Price

Fidelity National Financial (NYSE:FNF) had its target price cut by Keefe, Bruyette & Woods from $64.00 to $63.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Several other research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price target for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Barclays boosted their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Finally, Truist Financial increased their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.40.

Fidelity National Financial Price Performance

NYSE FNF opened at $54.23 on Wednesday. The firm’s 50 day moving average is $59.33 and its 200-day moving average is $57.76. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $14.84 billion, a PE ratio of 19.72 and a beta of 1.38. Fidelity National Financial has a 12-month low of $46.85 and a 12-month high of $64.83.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the previous year, the firm posted $1.23 earnings per share. The firm’s quarterly revenue was up 29.7% on a year-over-year basis. Equities research analysts anticipate that Fidelity National Financial will post 4.57 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend was Tuesday, December 17th. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio (DPR) is currently 72.73%.

Insider Activity at Fidelity National Financial

In related news, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the sale, the director now directly owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FNF. ZWJ Investment Counsel Inc. grew its stake in shares of Fidelity National Financial by 1.0% in the third quarter. ZWJ Investment Counsel Inc. now owns 19,740 shares of the financial services provider’s stock valued at $1,225,000 after acquiring an additional 195 shares in the last quarter. Commerce Bank increased its stake in Fidelity National Financial by 3.5% during the 3rd quarter. Commerce Bank now owns 5,991 shares of the financial services provider’s stock worth $372,000 after acquiring an additional 200 shares during the period. Intech Investment Management LLC raised its holdings in Fidelity National Financial by 1.3% in the 2nd quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider’s stock valued at $758,000 after acquiring an additional 202 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Fidelity National Financial by 13.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 213 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of Fidelity National Financial by 32.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 878 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 216 shares during the period. Institutional investors own 81.17% of the company’s stock.

About Fidelity National Financial

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.